Talk to our Consultant - Biometric-as-a-Service (BaaS) Market Grow at CAGR of 19.78% by 2027

Global Biometric-as-a-Service (BaaS) Market Research Report: Forecast (2022-2027)

By Component (solutions, Services), By Type of Biometric (Face Recognition, Fingerprint Recognition, Voice Recognition, Iris Recognition, Palm and Vein Recognition, Others), By End Users (Banking and... ... Users (Banking and Financial Services, Government, IT/ITES, Healthcare, Manufacturing, Energy & Utilities, Retail, Others), By Trait (Physiological, Behavioral), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Region (North America, South America, Europe, Middle East & Africa, Asia Pacific) By Company ((Thales Group (Gemalto N.V.), Leidos Holdings, Inc., Fujitsu Ltd., NEC Corporation, BioEngagable Technologies Pvt. Ltd, ImageWare Systems, Inc., M2SYS Technology - KernellÓ Inc., Mobbeel Solutions, S.L.L., Aware, Inc., IDEMIA France SAS, Clearview AI, Inc., Bayometric, Amazon Inc, Microsoft Corporation, CERTIBIO, Others,) Read more

ICT & Electronics
Jan 2022
Pages 223
Report Format: PDF, Excel, PPT

Market Definition

Biometrics involves using a person's biological & physical characteristics, such as the face, fingerprints, or iris, to recognize them in a reliable & automated manner. Biometrics as a Service (BaaS) is a cloud-based framework to promote new biometric recognition for law enforcement, access control, healthcare, financial services, etc. The use of the BaaS model to enhance cybersecurity across end-users like offices, hospitals, airports, defense, etc., is significantly supporting the growth of the BaaS market globally.

Market Insights

The Global Biometric-as-a-Service (BaaS) Market is projected to grow at a CAGR of around 19.78% during the forecast period, i.e., 2022-27. The market growth imputes primarily to the increasing use of Bring-Your-Own-Devices (BYOD) in organizations, coupled with the mounting data security issues globally, which have led to an increased usage of cloud-based mobile biometric services.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR (2022-2027)	19.78%
Regions Covered	North America: USA, Canada, Mexico
	Europe: Germany, UK, France, Italy, Spain
	Asia-Pacific: China, India, Japan, South Korea, Australia
	South America: Brazil, and Argentina
	Middle East & Africa: UAE, Saudi Arabia, South Africa, Turkey
Key Companies Profiled	Thales Biometrics, Leidos Holdings, Inc., Fujitsu Ltd., NEC Corporation, BioEngagable Technologies Pvt. Ltd., ImageWare Systems, Inc., M2SYS Technology - KernellÓ Inc., Mobbeel Solutions, S.L.L., Aware, Inc., IDEMIA France SAS, Clearview AI, Inc., Bayometric, Amazon Inc, Microsoft Corporation, & CERTIBIO
Unit Denominations	USD Million/Billion

According to the World Internet Stats 2021, there are around 5.1 billion mobile & internet subscribers globally. With the surging number of mobile & internet subscribers and the increasing instances of internet frauds & cyberattacks, there is an urgent need to deploy biometric solutions in vital industrial verticals globally. The mounting application of biometrics technology across commercial centers, offices, & airports, coupled with the soaring application of finger & facial scan solutions in the security & defense sectors, are other prominent factors contributing to the growing demand for biometric sensors globally.

Additionally, growing number of identity thefts & terrorist acts due to the burgeoning usage of online banking services have raised some serious concerns over national security across different regions, which, in turn, has augmented the need for biometrics in vital sectors. Furthermore, factors like the increasing number of e-passport programs entwined with various initiatives by governments worldwide toward enhancing cybersecurity measures have contributed to a surge in the revenue of Biometric as a Service (BaaS) providers. For instance:

In 2019, the US government announced a budget of USD 15 billion for cybersecurity, of which the US Department of Defense (DOD) reported an investment worth USD 8.5 billion in cybersecurity. This boost in government initiatives & funding toward cybersecurity worldwide is another crucial aspect expected to drive the global market during 2022-27.

Key Trends in the Global Biometri-as-a-Service (BaaS) Market

Rising Government Initiatives toward Integrating BaaS into Prominent Industrial Verticals

Integration of biometric services with cloud-based platforms, such as Biometric-as-a-Service (BaaS), is presently the keen focus area of the eminent end-user industries & small vendors due to burgeoning instances of payment frauds & data breaches worldwide. Cloud-based security services offer organizations various advantages like lowered costs, enhanced flexibility, better disaster recovery related to data breaches, and agility without involving any complex infrastructure.

19 of the 24 US government agencies use biometric security services like facial recognition systems across their respective organizations, cites the Government Accountability Office (GAO). These include the US Department of Defense (DOD) & Department of Homeland Security (DHS) that maintain in-house systems and other smaller agencies with access to high-security locations across the US.
In November 2020, the Ministry of Russia announced to build a database of fingerprint, DNA, & face biometric data collected from Russians & foreigners. This software that will identify people by face, voice, iris, & even gait biometrics is expected to go live for the new Federal Information System of Biometric Accounting (FISBA) by the end of 2023.

Several initiatives by governments worldwide to tackle identity-related frauds, specifically for strengthening e-KYC to authenticate identities of different citizens at airports, banks, healthcare, & other economic sectors, shall increase the revenue of BaaS providers during the forecast period.

Impact of Covid-19 on the Global Biometric as a Service (BaaS) Market

The Covid-19 pandemic in 2020 bought several security challenges related to biometrics security in various verticals, such as defense, banking & finance, government, healthcare, etc. According to BAE Systems, around 74% of the global financial institutions reported frequent cyberattacks amidst the global crisis. Additionally, Carbon Black, Inc. reported a 238% increase in cyberattacks against banks & financial institutions globally.

As a result, the demand for enhanced biometric security solutions rapidly surged and fueled the market growth. Furthermore, the growing demand for advanced biometrics for disease detection using face recognition, coupled with systems that can analyze behavioral patterns & emotional/psychological states to monitor, predict & anticipate incidents, are expected to gain significant traction during 2022-27.

Introduction
1. Product Definition
2. Research Process
3. Market Segmentation
4. Assumptions
Preface
Executive Summary
Impact of COVID-19 on Global Biometric as a Service (BaaS) Market
Global Biometric as a Service (BaaS) Market Trends & Insights
Global Biometric as a Service (BaaS) Market Dynamics
1. Drivers
2. Challenges
Global Biometric as a Service (BaaS) Market Regulations & Policies
Global Biometric as a Service (BaaS) Market Supply Chain Analysis
Global Biometric as a Service (BaaS) Market Hotspots & Opportunities
Global Biometric as a Service (BaaS) Market Outlook, 2017-2027FF
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Component
    1. Solutions
    2. Services
  2. By End Users
    1. Banking and Financial Services
    2. Government
    3. IT/ITES
    4. Healthcare
    5. Manufacturing
    6. Energy & Utilities
    7. Retail
    8. Others (Transport, Entertainment, etc.)
  3. By Trait
    1. Physiological
      1. Face Recognition
      2. Fingerprint Recognition
      3. Iris Recognition
      4. Palm and Vein Recognition
      5. Others
    2. Behavioral
      1. Voice Recognition
      2. Signature Recognition
      3. Others
  4. By Organization Size
    1. Small & Medium Enterprises
    2. Large Enterprises
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. Middle East & Africa
    5. Asia Pacific
  6. By Company
    1. Competition Characteristics
    2. Market Share of Leading Companies, By Revenues
North America Biometric as a Service (BaaS) Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Component
  2. By Organization Size
  3. By Trait
  4. By End User
  5. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
4. Canada Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
5. Mexico Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
South America Biometric as a Service (BaaS) Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Component
  2. By Organization Size
  3. By Trait
  4. By End User
  5. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
4. Argentina Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
Europe Biometric as a Service (BaaS) Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Component
  2. By Organization Size
  3. By Trait
  4. By End User
  5. By Country
    1. Germany
    2. The UK
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. Germany Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
4. The UK Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
5. France Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
6. Italy Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
7. Spain Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
Middle East & Africa Biometric as a Service (BaaS) Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Component
  2. By Organization Size
  3. By Trait
  4. By End User
  5. By Country
    1. Saudi Arabia
    2. UAE
    3. Turkey
    4. South Africa
    5. Rest of Middle East & Africa
3. Saudi Arabia Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
4. UAE Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
5. Turkey Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
6. South Africa Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
Asia Pacific Biometric as a Service (BaaS) Market Outlook, 2017-2027F
1. Market Size & Analysis
  1. By Revenues (USD Billion)
2. Market Share & Analysis
  1. By Component
  2. By Organization Size
  3. By Trait
  4. By End User
  5. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Rest of Asia Pacific
3. China Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
4. Japan Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
5. India Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
6. South Korea Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
7. Australia Biometric as a Service (BaaS) Market Outlook, 2017-2027F
  1. Market Size & Analysis
    1. By Revenues (USD Billion)
  2. Market Share & Analysis
    1. By Component
    2. By Trait
Global Biometric as a Service (BaaS) Market Key Strategic Imperatives for Growth & Success
Competition Outlook
1. Competition Matrix
  1. Brand Specialization
  2. Target Markets
  3. Target End Users
  4. Research & Development
  5. Strategic Alliances
  6. Strategic Initiatives
Company Profiles
1. Thales Group (Gemalto N.V.)
2. Leidos Holdings, Inc.
3. Fujitsu Ltd.
4. NEC Corporation
5. BioEngagable Technologies Pvt. Ltd
6. ImageWare Systems, Inc.
7. M2SYS Technology - KernellÓ Inc.
8. Mobbeel Solutions, S.L.L.
9. Aware, Inc.
10. IDEMIA France SAS
11. Clearview AI, Inc.
12. Bayometric
13. Amazon Inc
14. Microsoft Corporation
15. CERTIBIO
16. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

Full Name*:

Company Name*:

Business Email*:

Country Name*:

Contact Number*:

Message:

Flexible Licensing Options

We offer flexible licensing options to cater to varying organizational needs. Choose the pricing pack that best suits your requirements:

Buy Now

Inquire Before Buying